Journal article
Personality traits and risky decision-making in a controlled experimental task: an exploratory study
Personality and individual differences, Vol.31(2), pp.215-226
07/01/2001
DOI: 10.1016/S0191-8869(00)00130-6
Abstract
This paper first discusses historic differences in the way that personality psychologists and decision-making researchers have studied risk-taking, and then describes a preliminary study that combines elements of the two approaches. Using an Italian sample of varying age levels, this study examined the relations among personality traits (the Big-Five), demographics (age and gender) and risk-taking. Separate measures of risk-taking in a controlled experimental task were derived for trials in which subjects could achieve a gain and for trials in which subjects could avoid a loss. Personality trait effects differed for gains and for losses, and they differed depending on whether demographics were taken into account. Personality factors predicted risk-taking primarily in the domain of gains where high scores on Openness to Experience were associated with greater risk-taking and high scores on Neuroticism were associated with less risk-taking. However, there was a tendency for Neuroticism to have the opposite effect on risk-taking for losses where high scores were associated with greater risk-taking.
Details
- Title: Subtitle
- Personality traits and risky decision-making in a controlled experimental task: an exploratory study
- Creators
- Marco Lauriola - Sapienza University of RomeIrwin P Levin - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Personality and individual differences, Vol.31(2), pp.215-226
- DOI
- 10.1016/S0191-8869(00)00130-6
- ISSN
- 0191-8869
- eISSN
- 1873-3549
- Publisher
- Elsevier Ltd
- Number of pages
- 12
- Language
- English
- Date published
- 07/01/2001
- Academic Unit
- Marketing; Psychological and Brain Sciences
- Record Identifier
- 9984963109602771
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